ALRUD successfully represented Nidec
ALRUD successfully represented Nidec, a leading comprehensive motor manufacturer, in connection with its over $1 billion acquisition of Embraco compressor business from Whirlpool Corporation. The transaction globally closed and was officially announced on 2 July 2019. We have been advising the transaction for more than a year within two major areas: (i) with respect to antitrust approval of the transaction in Russia, and (ii) corporate closing, including negotiating and execution of the Russian shares sale and purchase agreement.
Thus, during the first stage, well-grounded legal reasoning developed by ALRUD specialists and deep understanding of the market and competition authority managed to secure unconditional clearance of such a challenging transaction. After that, ALRUD corporate team advised on drafting, negotiating and executing Russian sale and purchase agreement over the Russian target company, which actually comprised the deal closing.